Texas

LAW FIRM LEASES TOP STORY OF ADOLPHUS TOWER

by admin March 2, 2012

DALLAS — Mathis Donheiser & Jeter, a Dallas-based law firm, has leased the entire 26th floor — approximately 7,236 square feet — of the Adolphus Tower, located at 1412 Main St. in Dallas. The new office features hardwood finishes, custom cabinetry, a conference room and a kitchenette. The law firm will move into its new office once construction is complete, tentatively set for early this month. Carla Machulis of Henry S. Miller's Dallas office represented the landlord in the lease transaction. Craig Wilson and Dan Harris of Cassidy Turley's Dallas office represented the tenant.

March 2, 2012

CADENCE MCSHANE COMPLETES $13.7M ELEMENTARY SCHOOL

by admin March 1, 2012

HOUSTON — Cadence McShane Construction Co. has delivered the $13.7 million, 98,724-square-foot Patterson Elementary School, located at 5302 Allendale Road in Houston. The two-story school features 50 classrooms, a library, a kitchen, a cafeteria and a basketball pavilion. The new school is certified LEED Silver and features environmentally friendly building materials, energy-efficient heating, air conditioning, refrigeration, lighting control and domestic hot water systems, as well as a construction waste recycling program. Sustaita Architects designed the school, which is part of the Houston Independent School District.

March 1, 2012

Multifamily Texas

CULPEPPER FAMILY TO BUILD THE STACK

by admin March 1, 2012

COLLEGE STATION — The Culpepper Family LP has plans to develop the 400-bed The Stack, a five-story student housing facility located at the intersection of South College Avenue and University Drive in College Station near Texas A&M University. The student housing facility is Phase I of Legacy Point, a mixed-use development featuring commercial and residential properties. The Stack will feature two underground levels of parking, a fitness center, in-unit washers and dryers and a central courtyard pool area. Legacy Point will be constructed on the site where the vacant Albertson's building currently sits. Irving-based Collegiate Cos. will serve as the project's program manager. The property is expected to break ground this summer and be delivered in 2013.

March 1, 2012

Office Texas

KELLER WILLIAMS TO RELOCATE

by admin March 1, 2012

HOUSTON — Keller Williams Realty Metropolitan has plans to relocate its Houston corporate office to the entire second floor — approximately 19,000 square feet — of 5050 Westheimer Road, a 71,000-square-foot Class A office property in Houston's Galleria/Uptown District. More than 300 real estate agent will be based in the property, which will serve as a training facility. The relocation is slated for June 2012. Kyle Drake and Matt Moake of Houston-based Drake Realty Group, a member of KW Commercial, represented the tenant in the transaction. The landlord is Black Forest Ventures.

March 1, 2012

Texas

WHITESTONE REIT ENTERS $125M CREDIT FACILITY

by admin February 29, 2012

HOUSTON — Houston-based Whitestone REIT has closed on a 3-year, $125 million, unsecured revolving credit facility, which replaces the existing $20 million facility with Bank of Montreal. BMO Capital Markets was the sole lead arranger and sole book runner of the facility, Bank of Montreal was the administrative agent, U.S. National Association served as the syndication agent, along with Capital One National Association and Wells Fargo Bank, N.A. served as the co-documentation agents. MidFirst Bank was also included in the lender group. Whitestone plans to use the new facility for acquisitions, redevelopments and general corporate purposes.

February 29, 2012

Restaurant Texas

SEASONS 52 TO OPEN IN HOUSTON

by admin February 29, 2012

HOUSTON — Seasons 52 has chosen Houston's Millennium High Street for its second restaurant in Texas, located at 4410 Westheimer Road inside the 610 Loop. The property will feature two private dining rooms, a custom wine cellar, a piano bar and an exclusive chef's table. Houston-based The Dinerstein Companies will develop the property, which is slated to open in spring 2013.

February 29, 2012

Retail Texas

PETER PIPER PIZZA EXPANDS INTO HOUSTON AREA

by admin February 29, 2012

WALLISVILLE — Peter Piper Pizza has broken ground on a 12,000-square-foot restaurant, located at 6223 E. Sam Houston Parkway N. on Beltway 8 at Wallisville Road in Wallisville. The property is the first of 25 Peter Piper Pizza locations to be built in the Houston market during the next 8 years. The new restaurant is slated to open this summer, and there are properties under contract in Del Rio, Victoria, Corpus Christi, New Braunfels and Waco. Each new restaurant represents an investment of more than $3.5 million.

February 29, 2012

Industrial Texas

INDUSTRIAL FACILITY'S $1.2M CONSTRUCTION UNDER WAY

by admin February 29, 2012

GAINESVILLE — The $1.2 million construction of a 21,200-square-foot manufacturing facility, located at 3601 N. Interstate 35 in Gainesville, has started. Gainesville-based IFS Coatings will occupy the property upon completion. The facility broke ground in December 2011 and is slated for a May 2012 completion. Fort Worth-based Speed Fab-Crete is the general contractor and Fort Worth-based Callahan & Freeman Architects is serving as the project architect.

February 29, 2012

Industrial Texas

JV SIGNS TENANT TO 247,240 SF LEASE

by admin February 29, 2012

LAPORTE — Port Crossing Commerce Center, a joint venture between National Property Holdings and ML Realty Partners, has signed Gulf Winds International to a 247,240-square-foot lease, located at 1842 S. 16th St. in LaPorte. The 300-acre logistics industrial park is rail-served and located between the Barbours Cut and Bayport terminals. Michael Taetz, Gary Mabray and Jason Dillee of Colliers International's Houston office represented the landlord in the lease transaction. Aron Grenader of Houston-based First Houston Properties represented the tenant.

February 29, 2012

Office Texas

DIGITAL REALTY ACQUIRES DATA CENTER, OFFICE FOR $123M

by admin February 28, 2012

LEWISVILLE — Digital Realty Trust has purchased an 819,000-square-foot data center and office campus, located at Convergence Business Park in Lewisville, for $123 million. The 10-property campus spans 168 acres and is 99 percent leased to eight tenants that use the space for either data center or office purposes. The property has a capability of adding up to 700,000 square feet of new development.

February 28, 2012

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